SOLAR+STORAGE

Arevon Signs Agreement for 2 GW/6 GWh of Tesla Megapack Systems

Arevon | September 28, 2021

Arevon, a leading renewable energy company, has secured a 2 GW/6 GWh supply of Tesla Megapack to support its growing utility-scale storage portfolio through a master supply agreement. By the end of 2021, Arevon will have overseen construction and operation of 250 MW/1,000 MWh of battery energy storage systems deploying the Tesla Megapack at sites in California and Nevada.

"Arevon is at the forefront of powering the energy transition through solar and storage resources. We are pleased to be working with Tesla, securing a quality product that is in high demand. This agreement ensures that Arevon can deliver near-term storage solutions to our customers, mitigating the risk of supply shortages and project delays."

Justin Johnson, Arevon's chief operating officer.

Tesla Megapack has been selected to support the Falcon portfolio, a joint undertaking of Arevon and energy company Tenaska, to develop standalone storage projects in California load centers over the next four years. These facilities can be configured to provide up to four hours of battery-delivered energy during peak times of day. Well-sited standalone battery systems improve local reliability and can be used to prevent grid outages.

Nationally, the demand for stationary batteries has increased substantially. A September 2021 forecast from Wood Mackenzie estimates that the U.S. energy storage market will grow to 35 GWh a year by 2026 and be worth $8.9 billion. This agreement ensures that Arevon has the ability to execute on storage assets planned to deploy in the next few years.

About Arevon
Arevon Energy, Inc. is a leading renewable energy company with roots as one of the largest renewable asset managers in the United States. Arevon's financial prowess and industry expertise come together to improve the structure and performance of clean energy assets across North America. Headquartered in Scottsdale, Ariz., and New York City, Arevon uses innovative approaches and leading-edge technology to provide commercial, financial, performance asset management, and construction services to nearly 10 GWac of renewable energy assets delivering clean energy to utilities and corporations.

Spotlight

Many of the poorest countries in the world have the highest exposure to the sun. "Shining Light on Renewable Energy in Developing Countries" explores the opportunities for unprecedented investment in clean, renewable alternative energy systems that have the potential to not only enrich newly industrialized countries, but positively alter the quality of life for populations around the world.

Spotlight

Many of the poorest countries in the world have the highest exposure to the sun. "Shining Light on Renewable Energy in Developing Countries" explores the opportunities for unprecedented investment in clean, renewable alternative energy systems that have the potential to not only enrich newly industrialized countries, but positively alter the quality of life for populations around the world.

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ENERGY

EcoFlow Launches the DELTA Pro, its Pioneering Portable Power Station, in Europe

EcoFlow | January 18, 2022

EcoFlow, a portable power and renewable energy solutions company, has launched the industry-leading DELTA Pro portable home battery in Europe. Originally a Kickstarter campaign, it smashed records to become the most-funded tech project at the time and still ranks sixth among all projects to date. With a base capacity of 3.6kWh and expandable to 25kWh, the DELTA Pro is the industry’s first portable home battery and can provide multiple days’ worth of backup energy to families in the case of emergencies. In September 2021, EcoFlow launched the DELTA Max and the DELTA mini in Europe, both of which are designed to offer backup power for shorter blackout periods. DELTA Pro’s highly successful Kickstarter campaign overwhelmingly demonstrates the consumer desire for portable clean energy power and storage solutions. Reliable access to power is front-of-mind for consumers, as rising cases of extreme weather and power outages emphasize the need for greater preparation and sustainable power sources. EcoFlow strives to ensure that consumers and their families feel ready and secure, and it is this very purpose that inspires us to innovate and provide even safer and more reliable power solutions.” Thomas Chan, R&D Director at EcoFlow Reliable and Renewable: The Ultimate Emergency Power Solution Providing a dependable power solution that enables disaster preparedness lies at the heart of EcoFlow’s DELTA series. “EcoFlow is determined to take on a bigger role in disaster preparedness, not just by providing resilient technology but also by giving people the proper knowledge and tools so that they can always have peace of mind,” said Chan. This purpose has clearly resonated with consumers. When the company launched a crowdfunding campaign for the DELTA Pro on Kickstarter in July 2021, it raised $1 million (approx. €0.84 million) within the first 10 minutes. At the end of the two-month campaign, over $12 million (approx. €10.6 million) had been raised, breaking Kickstarter’s then-record by over $4.3 million (approx. €3.8 million) to become the most-funded tech project at the time. Today, the Delta PRO crowdfunding campaign still ranks sixth among all Kickstarter projects. In November, TIME named the DELTA Pro as one of the 100 Best Inventions of 2021, which honors innovations “that are making the world better, smarter, and even a bit more fun.” Recognized in the Sustainability category, EcoFlow was noted for its pioneering product development. As the first product of its kind, the EcoFlow DELTA Pro represents a significant step towards the company’s ambitious vision of empowering sustainability by providing a robust, low-carbon, and renewable energy solution for individuals, households, and industries alike. About EcoFlow EcoFlow is a portable power and renewable energy solutions company. Since its founding in 2017, EcoFlow has provided peace-of-mind power to customers in over 85 markets through its DELTA and RIVER product lines of portable power stations and eco-friendly accessories. EcoFlow’s mission is to reinvent the way the world accesses energy by innovating lighter-weight and longer-lasting clean, quiet, and renewable power storage solutions. EcoFlow’s products are now available in 35 countries and regions across Europe, supported by a network of over 300 local retailers.

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ENERGY

Taaleri SolarWind II fund invests in three wind farms in Lithuania with a combined capacity of 186 MW

Taaleri Energia | November 29, 2021

The Taaleri SolarWind II fund has together with an investment company, Atsinaujinančios Energetikos Investicijos, managed by Lords LB Asset Management, a leading investment management firm in the Baltics, acquired 100 percent ownership of the Anykščiai, Rokiškis, and Jonava wind farms from European Energy, a Danish renewable energy company. Lords LB is Taaleri Energia’s joint venture partner in the Baltics. The Anykščiai and Rokiškis wind farms are located in the counties of Utena and Panevėžys, around 100 km and 150 km north of the city of Vilnius respectively. The Jonava wind farm is located in the county of Kaunas, approximately 100 km northeast of the city of Vilnius. With a total of 34 General Electric 5.5 MW turbines, the wind farms will have a combined installed capacity of 186 MW and the combined annual production of electricity will be approximately 560 GWh. The wind farms will together produce enough electricity to supply around 270 000 households and will offset the equivalent of 170 000 tonnes of carbon dioxide during each year of operation. Construction works on the Anykščiai, Jonava and Rokiškis wind farms commenced in January, March and July 2021 respectively. All three wind farms are expected to be fully operational in 2022 with the Anykščiai wind farm reaching its commercial operations date by the end of the first quarter, the Jonava wind farm by the end of the second quarter and the Rokiškis wind farm by the end of the fourth quarter. The wind farms were developed by European Energy, who will also provide Construction Management services during the construction phase as well as Technical and Commercial Management services in the operational phase. General Electric will be responsible for maintaining the turbines under a 30-year contract. The three wind farms have entered into long-term power purchase agreements for a substantial proportion of the electricity generated with Axpo Nordic, which is part of the Axpo Group, the largest energy company in Switzerland. Long-term project financing for these investments has been provided by the Danish investment manager AIP Management on behalf of its investors. We are delighted with this deal, which brings the number of investments from the Taaleri SolarWind II fund to ten and represents its entry into a new market. Lithuania has excellent wind resources and a clear plan to increase the share of renewable energy in its power generation mix. Our joint venture with Lords LB paves the way for further investments in the Baltics and we look forward to continuing to build on this partnership.” Kai Rintala, Managing Director, Taaleri Energia “We are delighted to contribute to the region’s energy transition and security of supply by providing early-stage developers with the access to institutional capital. We believe that our joint venture with Taaleri Energia will be a significant driver for renewable energy capacity development in the region. Unlocking the renewable energy potential in the Baltics will lead to tremendous value creation for both the region and for our investors”, said Atsinaujinančios Energetikos investicijos’ Manager, Tomas Milašauskas. “We are excited to complete this investment in three onshore wind projects in Lithuania, which is an interesting new market for us with significant demand for renewable energy sources and also well-connected to the NordPool Nordic power market. We are delighted to partner with Lords LB and extend our partnership with Taaleri Energia. We are pleased to see Danish developer European Energy continuing to be play an important role in the projects”, said Kasper Hansen, Managing Partner of AIP. About the Taaleri SolarWind II fund The Taaleri SolarWind II fund invests in utility-scale wind and solar assets. The fund is investing in a diversified portfolio of ready-to-build assets in five key markets; the Nordics & Baltics, Poland, South East Europe, Iberia and Texas. It is estimated that the fund will finance approximately 850 MW of renewable energy capacity, which will offset over 1 million tonnes of CO2 annually throughout the 25-year lifetime of the assets. The fund’s investors include the European Investment Bank, Ilmarinen Mutual Pension Insurance Company, Varma Mutual Pension Insurance Company, the European Bank for Reconstruction and Development, Obligo Global Infrastuktur II Fund, the Finnish Church Pension Fund, the Nordic Environment Finance Corporation, the Taaleri Group, the Taaleri Energia team and a wide range of pension funds, foundations, endowments, and family offices. About Taaleri Energia Taaleri Energia is a renewable energy developer and fund manager. With 40 professionals, Taaleri Energia has one of the largest dedicated wind and solar investment teams in Europe. The team is currently investing its fifth renewable energy fund, the Taaleri SolarWind II fund, and has a 2.8 GW wind and solar portfolio in Europe, the US, and the Middle East. Taaleri Energia is ranked by Preqin as one of the most consistent top performing infrastructure fund managers. Taaleri Energia is part of the Taaleri Group, which is listed on the Nasdaq Helsinki stock exchange.

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SOLAR+STORAGE

SunPower Launches New Monitoring App To Manage Solar and Storage for Homeowners

SunPower | February 04, 2021

SunPower Corp. (NASDAQ:SPWR), a main solar innovation and energy administrations supplier, today announced the new mySunPower™ app, the organization's new experience for homeowners to survey and deal with their energy age, utilization, and battery storage settings from a cell phone. The new mySunPower app for monitoring will be accessible for download for SunPower Equinox® clients on Feb. 16 on the Apple App Store and Google Play and will be accessible to the entirety of SunPower's 285,000 monitoring clients by spring 2021. Intended to coordinate consistently with SunPower's current property holder stage, the mySunPower app makes it conceivable to streamline energy use, set aside cash, and become less subject to conventional energy suppliers despite intentional power outages, cataclysmic events, and the effects of environmental change. SunPower has completely rethought the monitoring experience for homeowners. Launch features include: • Storage system controls: mySunPower users can control their battery settings from the palm of their hand. Homeowners can set their battery to minimize energy costs, lower their carbon footprint, or preserve maximum resilience in the event of unforeseen power outages. • Live power flow: With live data, Equinox customers with production meters can view the immediate impact of their energy choices, including the effects of changing weather conditions, adjustments in battery settings, or even the use of small appliances such as a microwave in real time. • In-app alerts: New notification features alert homeowners to important changes to their system status, connectivity, and weather conditions. Additional app features expected to be released later in 2021 include alerts for homeowners to prepare for rolling blackouts and other disruptions. A TIPPING POINT FOR SOLAR AND STORAGE As per information from Wood Mackenzie and the Solar Energy Industries Association (SEIA), in excess of 25 percent of on location solar frameworks will be combined with storage by 2025. The new mySunPower app will decrease the expectation to absorb information for clients receiving solar and storage through a totally patched up interface, significant experiences dependent on continuous information, and live in-app refreshes on the framework's status and network. This client centered advancement will help encourage the appropriation of solar and storage frameworks, for example, SunPower's SunVault™ storage, changing North America's circulated energy matrix. "The launch of the new mySunPower app represents a major step forward for solar and storage customers," said Jake Wachman, vice president of software product and engineering. "By combining system monitoring and control in a single, easy-to-use mobile application, SunPower is changing how homeowners interact with renewable energy technology. The new mySunPower app establishes solar and storage systems firmly in the growing smart home ecosystem." The app will integrate seamlessly with the mySunPower web portal, offering consumers one experience from purchase and installation to monitoring. About SunPower Headquartered in California's Silicon Valley, SunPower (NASDAQ:SPWR) is a leading Distributed Generation Storage and Energy Services provider in North America. SunPower offers the only solar + storage solution designed and warranted by one company that gives customers control over electricity consumption and resiliency during power outages while providing cost savings to homeowners, businesses, governments, schools and utilities.

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